It is <u>FALSE</u> that the expected level (value) of the forecasted quantity is the most important aspect of the forecast.
<h3>What is a forecast?</h3>
A forecast is an estimate of future trends using predictions of past and present data. A forecast assumes future repeatable patterns. However, a good forecast is:
- Cost-effective
- Accurate
- Meaningful.
Thus, since the actual values will always differ from forecasted values, the most important aspect of the forecast is not the expected value.
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One of the advantages of personal selling over other types of marketing communication is that a sales person has his or her own way of customizing their message to a specific or certain buyer. They are the one in charge of what they are going to say to their buyers. The correct letter is letter A.
The expense category that would be most difficult to change or reduce in a budget is the rent.
<h3>What is the budget?</h3>
A budget is a statement that shows the estimates regarding the income and expenditure of an individual or business for a specific period. A budget helps to allocate the resources between necessities and wants.
The expense that will be most difficult to revise is the rent expense. Rent is the fixed charge incurred for using a property. If one needs to revise our rent expense, we need to shift to a property with lower rent.
The entertainment, savings, and groceries can be easily revised by lowering down the expenses on the same.
Therefore the correct option is b.
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Answer: The amount to be recorded in the subsidiary ledger is $400.
The acronym FOB stands for Free On Board. This means that the seller bears the cost of delivering the goods you’ve purchased to your destination.
Hence Clara will not record the freight expenses in her books of accounts since she did not incur that expense. She will only record $400 in her Accounts Payable Subsidiary Legder.
Answer:
The correct answer is letter "D": may sell some of your securities to repay the margin loan.
Explanation:
A Margin Call is issued when the equity in a margin account falls below a certain level. In the U.S. this level is set by the Federal Reserve (Fed) Board "Regulation T". Many brokers have their margin requirements known as "house requirements" usually with maintenance levels of 30 to 40%.
When a margin account falls below the margin limit and the trader ignores this, the broker can sell some of the securities of the trader to cover the margin losses.